Academy Workshop: Global Risk – Insurance Premium Tax

The evolving landscape of multinational insurance and the ever-increasing focus on compliance continue to challenge all involved in the insurance industry. With a focus on Insurance Premium Tax and other indirect taxes applicable to multinational insurance programmes, this session aims to simplify a complex topic and guide the audience through the key IPT considerations for any global insurance programme to ensure compliance.

By the end of the session, you will be able to:

• Recognise the range of indirect taxes applicable to insurance contracts and global insurance programmes
• Identify the key parties responsible for IPT compliance
• Realise the cost/ impact of IPT on underwriting premiums
• Appreciate the implications of different global programme structures and their impact on IPT requirements and costs
• Explain the potential implications of non-compliance to both the insurer and policyholder

Speakers:

Joseph Finbow, IPT Assurance Director, TMF Group

Karen Jenner, Head of Tax Services, TMF Group